Lower ‘End Market’ Demand, Supply Chain Disruptions, Plaguing TVs Globally, Says Himax
The global TV market “continues to face challenges with reduced end market demand” and supply chain disruptions from the COVID-19 pandemic, said Himax Technologies in its Q1 release Thursday. The company supplies display-drive chips to panel makers and can be…
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a bellwether of display industry health. Himax Q2 revenue in the display driver segment for large TV panels will decline by high-single digits sequentially from Q1, it said. Though Himax “delivered strong results” in Q1, “its visibility is low for the second half as the market is still cautiously adapting to the new market environment,” it said. The “strong growth momentum” it experienced in Q1 for laptop and monitor display drivers “is expected to extend into Q2" and 2020's second half, it said. Telework and online education “have created new demand for these products,” it said.